Abacus FCF Advisors LLC Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Abacus FCF Advisors LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 134.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,906 shares of the company's stock after acquiring an additional 66,974 shares during the period. Airbnb makes up 2.2% of Abacus FCF Advisors LLC's holdings, making the stock its 16th largest position. Abacus FCF Advisors LLC's holdings in Airbnb were worth $13,966,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb in the fourth quarter worth $1,445,000. EFG Asset Management Americas Corp. bought a new position in shares of Airbnb during the 4th quarter worth about $4,406,000. Jones Financial Companies Lllp lifted its position in shares of Airbnb by 43.0% in the 4th quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock worth $942,000 after acquiring an additional 2,155 shares during the period. Vested Financial Planning LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $262,000. Finally, Deutsche Bank AG increased its position in shares of Airbnb by 11.5% during the fourth quarter. Deutsche Bank AG now owns 1,480,314 shares of the company's stock valued at $194,528,000 after purchasing an additional 153,020 shares during the period. Institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research reports. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and lowered their target price for the company from $170.00 to $155.00 in a research note on Wednesday, April 30th. Robert W. Baird cut their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Finally, Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $141.23.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $126.60, for a total value of $4,869,162.60. Following the transaction, the chief executive officer now owns 11,770,144 shares of the company's stock, valued at $1,490,100,230.40. This represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $139.40, for a total value of $32,898,400.00. Following the completion of the transaction, the director now owns 1,180,015 shares in the company, valued at $164,494,091. This trade represents a 16.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,663,033 shares of company stock worth $208,384,185. 27.91% of the stock is owned by insiders.

Airbnb Trading Down 1.8%

Shares of NASDAQ ABNB traded down $2.54 during midday trading on Friday, reaching $136.27. The stock had a trading volume of 1,656,249 shares, compared to its average volume of 5,001,547. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a market cap of $85.36 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company's 50 day moving average price is $125.71 and its 200 day moving average price is $130.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.